Legislative Commission on Pensions and Retirement
Legislative Commission on Pensions and Retirement

Menu

LCPR Menu

Pension Commission Meeting Archives

Pension Commission Meeting Archives

2018 Meetings

Note: Meeting minutes are not posted until approved by the Commission

Date/Time

Location

Agenda and Meeting Materials

Audio and Minutes

May 8, 2018, 8:00 AM

Room 1200
MN Senate Building

 Agenda, Materials & Action

  • Amendment S2620-10A: Maplewood Firefighters Relief Association; Termination and dissolution.
  • Amendment S2620A1: Volunteer Firefighter Relief Associations: Disposition of special fund assets upon dissolution; lump-sum service pension maximum for overfunded relief associations.
  • Amendment S2620-14A: Volunteer Firefighter Relief Associations: Disposition of special fund assets upon dissolution.
  • Amendment S2620-11A: Volunteer Firefighter Relief Associations; Moratorium on relief association dissolutions and plan conversions; relief association work group created.

Audio
Minutes

Mar. 13, 2018, 5:30 PM

Room 1200
MN Senate Building

 Agenda, Materials & Action

  • Minnesota Management and Budget testimony on the 2018 Omnibus Retirement Bill - Myron Frans, Commissioner
  • Motion LCPR18-M3: SPTRFA; Changes to demographic and economic assumptions for actuarial valuations.
  • SF 3185 (Frentz); HF 3720 (Thissen): PERA-General; Excluding certain St. Paul city and school district temporary construction employees who are covered by the Minnesota Laborers Pension Fund
  • SF 2971 (Lang); HF 3353 (Miller): PERA Privatizations; Clarifying a 1992 session law impacting employees of the Swift County/Benson Hospital.
  • SF 2620 (Rosen); HF 3053 (O'Driscoll): 2018 Omnibus Retirement Bill, third consideration.

Audio
Minutes

Mar. 6, 2018, 5:30 PM

Room 1200
MN Senate Building

 Agenda, Materials & Action

  • SF 2622 (Utke); HF 2957 (Grossell): Clearbrook Fire Department Relief Association; Extension for submitting reports for fire state aid eligibility.
  • SF 2743 (Latz): TRA/MnState; TRA coverage election authority for certain employee.
  • HF 3145 (Newberger): PERA DC; Permitting distributions while employed; clarifying provisions.
  • Amendment S2620-2A: PERA-P&F; Providing coverage for part-time paramedics and emergency medical technicians employed by Hennepin Healthcare System, Inc.
  • LCPR18-012 PDF / HTML): Hennepin County supplemental retirement plan; expanding investment authority.
  • SF 2620 (Rosen); HF 3053 (O'Driscoll): 2018 Omnibus Retirement Bill, second consideration.

Audio
Minutes

Feb. 27, 2018, 5:30 PM

Room 1200
MN Senate Building

 Agenda, Materials & Action

  • SF 2620 (Rosen); HF 3053 (O'Driscoll): 2018 Omnibus Retirement Bill, first consideration.

Audio
Minutes

Feb. 19, 2018, 1:00 PM

Room 1100
MN Senate Building

 Agenda, Materials & Action

  • Motion LCPR18-M2: MSRS, PERA, and TRA; Changes to economic assumptions (except investment rate of return) for actuarial valuations.
  • Assessing the Risk of Fiscal Distress for Public Pensions: State Stress Test Analysis: Susan Banta, Director of Research, and Timothy Dawson, Officer, State Policy, Public Sector Retirement Systems Project, The Pew Charitable Trusts
  • The South Dakota Perspective: Robert A. Wylie, Executive Director, South Dakota Retirement System

Audio Part 1
Audio Part 2
Note: The recording equipment malfunctioned so much of the 1st hour was not recorded
Minutes

Feb. 6, 2018, 11:00 AM

Room 1150
MN Senate Building

 Agenda, Materials & Action

  • Public pension trends: Alex Brown, Research Manager, National Association of State Retirement Administrators (NASRA)
  • Report on trends and forecasts for public employment in Minnesota: Susan Brower, Minnesota State Demographer
  • Volunteer firefighter relief association pensions update:
    • Volunteer Fire Relief Association Working Group
    • Fire State Aid Work Group
    • PERA Statewide Voluntary Firefighters Retirement Plan (SVFRP) Advisory Board

Audio
Video
Minutes

Jan. 24, 2018, 2:00 PM

Room 1150
MN Senate Building

 Agenda, Materials & Action

  • Public pension policy initiative: Kurt Winkelmann, Senior Fellow, Heller-Hurwicz Economics Institute, University of Minnesota
  • Oklahoma's path from a pension plan to a defined contribution plan for public employees: Joseph Fox, Executive Director, Oklahoma Public Employees Retirement System
  • Impact of the Tax Cuts and Jobs Act of 2017 on public pension plans and pension recipients: Joel Michael, House Research, and Nora Pollock, Senate Counsel
  • Motion LCPR18-M1, waive certain Actuarial Standards requirements

Audio
Minutes

Jan. 12, 2018, 9:00 AM

Room G-15
MN Capitol Building

 Agenda, Materials & Action

  • Report by MMB Commissioner Myron Frans:
    -November budget forecast
    -Impact of pensions on the state's credit rating
    -Update on the Governor's recommendations regarding pensions for the 2018 Legislative Session
  • Minnesota State Retirement System 2018 legislative proposal
  • Public Employees Retirement Association 2018 legislative proposal
  • Teachers Retirement Association 2018 legislative proposal
  • St. Paul Teachers Retirement Fund Association 2018 legislative proposal

Audio
Video
Minutes


Previous Years:


2017 meetings

2016 meetings

2015 meetings

2014 meetings

2013 meetings

2012 meetings

2011 meetings

2010 meetings

2009 meetings

2008 meetings

2007 meetings


For 1996-2006 meetings, please contact the Commission office.
For 1955-1995 meetings, records are housed at the Minnesota Historical Society in the Minnesota State Archives

Legislative Commission on Pensions and Retirement  ·  55 State Office Building, St. Paul, MN 55155   ·  lcpr@lcpr.leg.mn